Alabama Code (Last Updated: November 28, 2014) |
Title10A ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE. |
Chapter5A. LIMITED LIABILITY COMPANIES. |
Article1. General Provisions. |
§10A-5A-1.05. Governing law.
Latest version.
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The law of this state governs:
(a) the organization and internal affairs of a limited liability company, or series thereof;
(b) the liability of a member as a member for the debts, obligations, or other liabilities of a limited liability company, or series thereof;
(c) the authority of the members and agents of a limited liability company, or series thereof; and
(d) the availability of the assets of a series or the limited liability company for the obligations of another series or the limited liability company.